Find which the transaction reflects

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The TJR Partnership recorded the following journal entry:

Cash 20,000

B. Tara, Capital 2,000

R. Jillian, Capital 2,000

S. Rose, Capital 24,000

Problem 1: The transaction reflects

Multiple Choice

Option 1: Withdrawal of $2,000 each by Tanner and Jackson

Option 2: Additional investment into the partnership by Tara and Jillian

Option 3: Withdrawal of a partner who pays a $2,000 bonus to each of the other partners

Option 4: Addition of a partner who pays a bonus to each of the other partners

Option 5: Acceptance of a new partner who invests $20,000 and receives a $4,000 bonu

Reference no: EM132635110

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